Trader’s ETH Long Positions Expand Despite $21.1M Losses Since October
Trader 'Maji' has expanded his Ethereum long position to over $16 million, showing unrealized gains despite significant prior cumulative losses.
ETH
Summary
On December 9, trader 'Maji' increased his Ethereum long holdings to 5,200 ETH worth $16.25 million. The position currently shows $346,000 in unrealized gains, with an entry price of $3,059.55 and a liquidation price of $3,064. This comes just two days after Maji closed a losing position of 2,200 ETH at a $738,000 loss and re-entered the market aggressively. Since October 11, he has accumulated losses totaling $21.1 million but continues to maintain substantial high-risk exposure to ETH.
Terms & Concepts
- ETH Long Position: A trading strategy where investors buy or hold Ethereum expecting its price to rise.
- Liquidation: The forced closing of a trader’s position due to insufficient funds to meet margin requirements.